A new analytical systems integration facility, for refineries and petrochemical plants, continues the supplier’s ongoing investment in the U.S. Gulf region
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If it’s true that one of the keys to success is seeing challenges as opportunities, now is the time for the upstream oil and gas industry to apply this adage, since the value of its product has been nearly cut in half. One major opportunity for this industry is Big Data.
Lower attendance at OTC this year reflected the hurt that the oil and gas industry is feeling right now. But companies that can wait it out are taking the opportunity to optimize production and get ready for an upturn.
Unlike wildcatting days when oil exploration had about a 10 percent chance of success, modern oil drilling has become more of a manufacturing process, with shale operations at close to 100 percent success rates. What does that mean for automation?
Going after a growing downstream oil and gas industry, Siemens Analytical Products and Solutions has increased its operation capacity by 50 percent by moving to a new facility and optimizing production flow.
The Oil and Gas Competency Center in Houston is the company’s first competency center outside of Germany, offering customers hands-on project access to enclosures and climate control systems for the booming industry.